Saudi prince opens investment conference under cloud of Khashoggi case: AP
Italy and EU on collision course over debt and budget: The Atlantic
Trump accuses Fed chairman of threatening US economy with rate hikes: CNBC
Retail investors buy the dip in stocks as institutions sell: Bloomberg
Richmond Fed Mfg dips in Oct after setting record high in Sep: MarketWatch
Eurozone growth in Oct Sep fell to slowest pace in over two years: IHS Markit
The government’s initial estimate of third-quarter GDP for the US is on track to decelerate to a 3.3% increase in the release due at the end of this week, based on the median for a set of nowcasts compiled by The Capital Spectator. That’s a solid gain, but the estimate marks a substantially softer pace vs. the strong 4.2% rise reported for Q2.
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Turkey’s president says there’s evidence that Khashoggi killing was planned: CNBC
Saudi foreign minister pledges full investigation into Khashoggi killing: Reuters
Trump vows to use military to address growing migrant caravan: Fox
US Navy warships sail through Taiwan Strait: ABC
Trump says US will build up nuclear arsenal: BBC
Supreme Court halts Commerce Secretary’s deposition re: census: Politico
Japan’s Abe will meet China’s Xi this week: CNBC
Leading Indicator of remodeling activity: slower growth for 2019 expected: JCHS
US jobless rate is lowest in decades, but wage growth remains weak: NY Times
Former Fed Chair Volcker sees trouble brewing just about everywhere: NY Times
Chicago Fed Nat’l Activity Index: US growth moderated slightly in Sep: Chicago Fed
Real estate investment trusts (REITs) in the US posted the biggest gain by far for the major asset classes last week, based on a set of exchange-traded products. By contrast, last week’s biggest loser: equities in emerging markets.
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China criticizes Pompeo’s warning of hidden risks in Chinese investments: Reuters
US Treasury Secretary defends upcoming trip to Saudi Arabia: NY Times
Turkey’s president to reveal ‘details’ in killing of Saudi journalist: USA Today
Saudi Arabia: no plans for an oil embargo amid Khashoggi crisis: CNBC
Trump: US will pull out of decades-old nuclear arms treaty with Russia: CNN
Moody’s cuts Italy’s debt to one notch above junk status: Reuters
GOP leaders are clueless about Trump’s tax-cut plan: Bloomberg
US existing home sales slumped to three-year low in September: Bloomberg
China’s stock market surged for a second day on Monday: CNBC
By Daniel Crosby
Summary via publisher (Harriman House)
In The Behavioral Investor, psychologist and asset manager Dr. Daniel Crosby examines the sociological, neurological and psychological factors that influence our investment decisions and sets forth practical solutions for improving both returns and behavior. Readers will be treated to the most comprehensive examination of investor behavior to date and will leave with concrete solutions for refining decision-making processes, increasing self-awareness and constraining the fatal flaws to which most investors are prone. The Behavioral Investor takes a sweeping tour of human nature before arriving at the specifics of portfolio construction, rooted in the belief that it is only as we come to a deep understanding of “why” that we are left with any clue as to “how” we ought to invest.
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The US economic trend remains solidly positive, but signs of slowing growth persist. For now, the risk of recession remains virtually nil and it’s unlikely that a downturn will start in the immediate future, according to broad set of indicators. But projections for next year, which remain highly speculative at this point, suggest that recession risk will rise – a forecast that deserves close attention as new data arrives in the weeks ahead.
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US hardens line on Saudi Arabia as evidence mounts in Khashoggi case: CNN
EU offers UK few options on Brexit deal: Reuters
Trump threatens to close southern US border as migrants approach: NPR
China’s economic growth slows to softest pace in a decade: NY Times
Leading Economic Index for the US signals strong growth for 2019: CNBC
Philly Fed Mfg Index points to strong growth for October: MarketWatch
US jobless claims fell last week, near 50-year low: MarketWatch
Return correlations for the major asset classes continue to trend higher this year, based on the median of pairwise relationships for rolling one-year periods via a set of exchange-traded products. The median correlation is still well below levels reached in 2017, but the upward bias of late implies that finding diversification benefits through a multi-asset class portfolio will face stronger headwinds on the margins in the near term.
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US spy agencies see link of Saudi prince to Khashoggi’s disappearance: NY Times
Trump reluctant to abandon Riyadh over missing journalist: Reuters
Khashoggi crisis widens rift for Trump and Congress on Saudi Arabia: Bloomberg
UK looking for extension on transitioning out of EU: BBC
US Treasury declines to label China a currency manipulator in report: Bloomberg
Billionaire hedge fund manager Cooperman: bonds, not stocks, in bubble: CNBC
FOMC minutes: Fed still leaning toward more rate hikes: CNBC
US housing starts fell more than expected in September: Reuters
